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Indian exporters eyeing Russian market

Saturday, March 11, 2006
LUDHIANA: Eyeing Russia as a potential market for products like tobacco, leather, tea, coffee, meat, fruits and auto parts, Indian traders will organise exhibitions there to capitalise on the tremendous scope for exports.

The Federation of Indian Export Organization (FIEO) will organise multi-product exhibitions at Moscow and St Petersburg during May-June '06 to reach out to the Russian market for selling alcoholic beverages, wheat, fish, perfume, toiletries and cosmetics, automobiles, drugs and pharmaceutical products, chemical, beet sugar, electrical appliances, transmission equipment for radio telephony etc.

"There is a tremendous scope for Indian exporters to capitalise on the growing market of Russia. That is why we are holding exhibition in Russia," FIEO, Chairman (Northern Region) R K Dhawan said.

India's trade with Russia has been far below its trade with other countries. Out of Russia's total imports worth $75.6 billion, goods worth only USD 597 million were from India in 2004-05.

Source:  The Economic Times

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